Tesla in for single-digit billion eur amount in German subsidies: Business Insider

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Electric vehicles maker Tesla stands to receive a single-digit billion euro amount in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday.

The subsidies, part of the support for 11 battery related businesses under a so-called Important Project of Common European Interest, will be paid by the federal government and by the regional state of Brandenburg, Business Insider quoted government sources as saying.

 

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Unrelated - Tesla Model S. A bit more aggressive look for a sedan that fast.

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